News
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Mo'asher residential real estate price index showed that the Dubai real estate market recorded 25,972 transactions for the purchase of real estate in the first quarter of 2022. This was the highest quarterly indicator in terms of the number of transactions in the emirate since 2010 and the highest indicator in terms of volume since the first...
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The first quarter of 2022 was marked by an extremely rapid growth of Dubai real estate market, expressed, among other things, in such achievements as record transaction volumes since 2010 or the sale of the most expensive villa in the history of the city for 76.2 million dollars. Due to this growth, the preservation of the positive momentum of...
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According to the latest information, banks in the United Arab Emirates have accumulated significant liquidity. In December 2021, it was known that the share of liquid assets was 38% of their total assets. A year earlier, in December 2020, this share was 36%. The state of the banking sector is especially important for the local real estate market,...
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Luxurious real estate is in very high demand in Dubai. A lot of wealthy people streamed into the Emirates after the government's efficient fight against the pandemic. Recently, costs rose by more than 44% in high-end neighbourhoods like Palm Jumeirah, Emirates Hills, Jumeirah Bay Island, and Downtown. After sustained growth for the past few...
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Since the beginning of 2022, housing rents have increased in nearly all districts of Dubai, with the exception of Arjan, Bur Dubai, and Liwan. During the same period, the average rent rose by more than 13% in March. This is the highest monthly growth rate recorded in the last seven years. Industry experts connect rent increases with an influx of...
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According to the Dubai Land Department (DLD), there were approximately 2,145 real property transactions in Dubai for a total of AED 6.3 billion for the week ended April 22, 2022. On Friday, the Department revealed a statement that 225 land plots were sold for AED 1.12 billion, 1,436 apartments and villas were sold for AED 3.2 billion. The...
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The real estate market has demonstrated record growth since the beginning of 2022. The overall number of transactions peaked at 19,009 by the end of March. It is the best result in the history of the Dubai property sector. In Dubai, residential property costs are rising for several reasons: the sector has been booming with the help of the...
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In the first quarter of this year, 25,972 real property transactions were registered in Dubai. It is the highest figure for quarterly transactions since 2010. A total of 20,539 sale-purchase transactions amounting to AED 55.51 billion (USD 15.11 billion) were registered from January to March. This information displays considerable growth in the...
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In Abu Dhabi, property prices, as well as rental payments, are rising. The UAE economy is recovering from the recession caused by the Coronavirus epidemic. Residential sector According to a report from CBRE, a consulting firm, in Abu Dhabi, housing costs increased by 1.5% in the last 12 months (from March 2021 to March 2022). From the beginning...
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Real estate developers in Dubai are focusing on 2-bedroom apartments and townhouses as on ideal investment options for buyers who wish to purchase a property for AED 2 million and receive a golden visa. An investor's down payment should be AED 200,000. It is 10 % of the investment value of AED 2 million required for obtaining a visa. The rest can...
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